Corporate Environmental Risk Exposure and Analyst Behaviour

Author(s):  
Gus De Franco ◽  
Yue Li ◽  
Yibin Zhou
2017 ◽  
Vol 50 (4) ◽  
pp. 309-328 ◽  
Author(s):  
Adam Mayer ◽  
Tara O’Connor Shelley ◽  
Ted Chiricos ◽  
Marc Gertz

2017 ◽  
Vol 52 (5) ◽  
pp. 2023-2051 ◽  
Author(s):  
Chitru S. Fernando ◽  
Mark P. Sharfman ◽  
Vahap B. Uysal

We examine the value consequences of corporate social responsibility through the lens of institutional shareholders. We find a sharp asymmetry between corporate policies that mitigate the firm’s exposure to environmental risk and those that enhance its perceived environmental friendliness (“greenness”). Institutional investors shun stocks with high environmental risk exposure, which we show have lower valuations, as predicted by risk management theory. These findings suggest that corporate environmental policies that mitigate environmental risk exposure create shareholder value. In contrast, firms that increase greenness do not create shareholder value and are also shunned by institutional investors.


2020 ◽  
Vol 12 (4) ◽  
pp. 1534 ◽  
Author(s):  
Laura H. Middermann ◽  
Jan Kratzer ◽  
Susanne Perner

Does the increasing awareness of environmental risk exposure also affect intentions to create enterprises which address these social and environmental failures? Besides economic explanations that social and environmental needs and market failure create opportunities for sustainable entrepreneurship, it is less clear how cognitive processes and motivations related to sustainable entrepreneurship are shaped by its context. This research integrates environmental risk exposure as a contextual variable into the theory of planned behavior and uses data gathered in the course of the Global Entrepreneurship Monitor. We provide empirical evidence for the impact of environmental risk exposure on the determinants of sustainable entrepreneurial intention and contribute to a deeper understanding of the formation of sustainable entrepreneurial intention.


Author(s):  
Michael Rutter ◽  
Lorna Champion ◽  
David Quinton ◽  
Barbara Maughan ◽  
Andrew Pickles

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